Invesco Bond Fund Stock Forecast
Red day on Tuesday for Invesco Bond Fund stock after losing 0.132%
(Updated on Apr 16, 2024)
The Invesco Bond Fund stock price fell by -0.132% on the last day (Tuesday, 16th Apr 2024) from $15.10 to $15.08. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.732% from a day low at $15.03 to a day high of $15.14. The price has fallen in 8 of the last 10 days and is down by -3.27% for this period. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 42 thousand shares were bought and sold for approximately $629.70 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $14.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Invesco Bond Fund stock with a 90% probability to be traded between $14.81 and $15.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
VBF Signals & Forecast
There are few to no technical positive signals at the moment. The Invesco Bond Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $15.31 and $15.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -4.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Invesco Bond Fund gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Invesco Bond Fund stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.110 between high and low, or 0.732%. For the last week the stock has had daily average volatility of 1.08%.
Invesco Bond Fund is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VBF) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Invesco Bond Fund to open at $15.08, and during the day (based on 14 day Average True Range), to move between $14.93 and $15.23, which gives a possible trading interval of +/-$0.146 (+/-0.97%) up or down from last closing price. If Invesco Bond Fund takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $15.38, some $0.300 (1.99%) from the current price of $15.08, our system finds the risk reward not very attractive.
Is Invesco Bond Fund stock A Buy?
Invesco Bond Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for Invesco Bond Fund of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$15.08 ( 0.0221%) | $15.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.19 | 0.752 % | |
R2 | 15.15 | 0.473 % | ||
R1 | 15.13 | 0.301 % | ||
Current price: | 15.08 | |||
Support | S1 | 15.04 | -0.257 % | |
S2 | 15.02 | -0.429 % | ||
S3 | 14.97 | -0.707 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.06 | 6.50 % | |
R2 | 15.65 | 3.78 % | ||
R1 | 15.38 | 1.99 % | ||
Current price | 15.08 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
VBF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0650 | 0.431% |
2 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0650 | 0.415% |
3 | Jan 29, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0650 | 0.412% |
4 | Jan 02, 2024 | Jan 16, 2024 | Jan 31, 2024 | $0.0650 | 0.416% |
5 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0 | 0% |
FAQ
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